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DTZ portfolio valuation report as at the 30th of June 2008

Chagala Group Limited, the specialist developer and operator of real estate linked to the oil and gas industry in West Kazakhstan, commissioned international real estate advisors Debenham Zadelhoff Limited (“DTZ”) to appraise the market value of its portfolio of property assets and projects. The final report, released on the company’s website today (www.chagalagroup.com), concludes that […]

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Rental rates review

Chagala, the specialist developer and operator of real estate linked to the oil and gas industry in West Kazakhstan, is pleased to announce a significant increase in the rates it will receive under one of its major long-term contracts. The new rates for the provision of residential accommodation and catering services to one of Chagala’s […]

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Results for the year ended 31 December 2007

Chagala Group Limited (“Chagala”), the specialist London listed Kazakh real estate developer and operator, is pleased to announce its results for the year ended 31 December 2007. Financial Highlights: Total revenues up 18.0% to US$22.07 million (2006: US$18.7 million) Room & Rent revenue increased 13.3% to US$16.5 million (2006: $14.5 million) Food & beverages revenue […]

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Credit facility

The Board of Chagala Group, the specialist Kazakh real estate developer and operator listed on the London Stock Exchange, is pleased to announce the agreement of the first tranche of a credit facility (“facility”) with HSBC Bank Kazakhstan (“HSBC”) and Raiffeisen Zentralbank Österreich AG (“RZB”).  The US$53,500,000 first tranche will be used alongside the Company’s […]

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Appointment of Chief Executive Officer of Chagala Zere Malls joint venture

Chagala Group, the specialist Kazakh real estate developer and operator listed on the London Stock Exchange, today announces the appointment of Peter Lourenco as Chief Executive Officer of the Chagala Zere Malls (“CZM”) joint venture. Mr Lourenco joins CZM from NCH Capital where he developed and served as General Director of the Shopping Mall Ukraina […]

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Appointment of new Non-executive Director

The Board of Chagala, the specialist Kazakh real estate developer and operator listed on the London Stock Exchange, is pleased to announce the appointment of Baltabek Kuandykov as a non-executive director with effect from 15 January 2008. Mr Kuandykov will replace Mr Kairat Satylganov who has resigned to focus on his own business interests. The […]

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Kashagan project progress

The Board of Chagala Group, the specialist Kazakh real estate developer and operator listed on the London Stock Exchange, is pleased to note the announcement that agreement has been reached between Kazmunaigas and the Eni consortium to proceed with the development of the Kashagan oil fields. Kashagan is the world’s biggest oil find in 30 […]

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